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> Imagine you live in a community of 1000 middle class people … Suddenly, 10 millionaires move in. I’m not an economist and there are countless reasons for tha
by culturestate 3y ago
> Imagine you live in a community of 1000 middle class people … Suddenly, 10 millionaires move in.
I’m not an economist and there are countless reasons for that, but I can’t imagine that 10 millionaires in a community of 1,000 people would materially change life for the other 990 in the way that you’re suggesting.
Gentrification and unbalanced income strata are real things and real problems, but the 1% aren’t causing them simply by existing.
- NickM 3y agoGentrification and unbalanced income strata are real things and real problems, but the 1% aren’t causing them simply by existing. This hits the nail on the head. It's tautological to say "the problem of inequality is caused by there being rich people that cause inequality". It pins the blame on individuals rather than the system they exist within.
- r00fus 3y agoNot wanting a class of wealth to exist speaks more about the system than the people. 99% of people who hate billionaires wouldn’t care about a specific person as long as that billionaire wasn’t actively trying to screw over the rest of us in their attempt to win more points.
- fnordpiglet 3y agoThe difference between you and a billionaire is a billion dollars.